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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: Mark Myword who wrote (3210)6/10/1998 1:15:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 4969
 
Don't want to start a war but...

As both a FA and TA guy who lurks here and rarely posts, good luck if you don't use TA. If you base a position only on FA you could be waiting a Loooong time for a stock to move. I could post example after example of companies trading at high levels with low growth and earnings (bad FA) and handfulls of companies with huge earnings and fast growth that trade at low PE's (great FA). The only way to win the FA game is to wait for the market to "find" the undervalued stock and move it enough to capture other's attention. If you don't use TA, you will have to use your gut which equals emotion. At this point you will lose. Even with TA, I have been caught holding a company for weeks before giving up and moving on. It sat for another 3 months staying in a tight range before it doubled within a couple more months.

Good Luck with your choice,

L3



To: Mark Myword who wrote (3210)6/10/1998 7:18:00 AM
From: Len  Read Replies (1) | Respond to of 4969
 
Try elitetrader.com. Baron Robertson has authored an advanced daytrading course at that site, and it really lays things out in a way you can understand it. At $199, it's better than similar programs priced five times as much. While more expensive than most books on the subject, you will make up the cost with one trade using the methods described there.

Hope it is what you are looking for.

(I am not affiliated with Baron or Elite in any way)

Len